NOT LISTED FOR SALE

1870 Hoone Rd Unit 507 Koloa, HI 96756

Estimated Value: $1,099,000 - $1,311,000

2 Beds
2 Baths
1,221 Sq Ft
1978 Built

Sale Details

Date Sold: April 17, 2024

Last sale price $1,122,000 $919 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $8,791 / mo

626 Days on Market

About This Home

As of April 2024

*** Successful Vacation Rental at the upgraded Nihi Kai Resort in Poipu ***

Nihi Kai Villas #507 offers buyers an intelligent option to own a piece of paradise on Kauai while generating solid rental income. Whether you decide to keep the calendars booked or move in yourself, #507 has all the amenities you need to start living the dream. This spacious two-bedroom condo is being sold Turn-Key and has gone through some recent renovations to get you off on the right foot.

* Designer Kitchen with spacious granite counter top island and plenty of cabinetry
* Updated Bathroom with walk in shower
* 2 bedrooms and 2 bathrooms with spacious living area
* 2 covered lanai spaces
* Freshly serviced split system A/C
* New Roof
* New exterior carpentry

If you love the beach, unit #507 is a short walking distance to both Brennecke's and Poipu Beach Park.

Dollar per dollar you will be hard pressed to find a better investment in Poipu!

Last Agent to Sell the Property

Jordan McMurdie

eXp Realty Brokerage Phone: 8086314170 License #RS-77979 Listed on: 05/31/2022

eXp Realty

Last Buyer's Agent

Anne Eliason

Coldwell Banker Island Properties - Kauai License #RS-75630

Coldwell Banker Island Properties - Kauai

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,508

Year Built

  • Built in 1978

Lot Details

  • Property fronts a private road

HOA Fees

  • $1,429 Monthly HOA Fees

Parking

  • Unassigned Parking

Interior Spaces

  • 1,221 Sq Ft Home
  • Carpet

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Underground Utilities
  • Private Water Source

Listing and Financial Details

  • Property is used as a vacation rental
  • Assessor Parcel Number 4280190220027

Community Details

Overview

  • Nihi Kai Villas Community
  • Lee Kwai Beach Lots Subdivision

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,508

Year Built

Built in 1978

Lot Details

0 Sq Ft Lot

HOA Fees

$1,429 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub-Type: Condominium
  • Ownership: CPR
  • MLS Status: S
  • Subdivision Name: LEE KWAI BEACH LOTS
  • Living Area: 1221.0
  • Property Attached Yn: Yes
  • Year Built: 1978
  • Tax Year: 2021
  • HIS_PoolYN: No
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • Land Tenure: Fee Simple
  • HIS_SolidWasteDisposal: Included with Maintenance Fees
  • HIS_InUseAsShortTermVacationRentalYN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Total Bedrooms: 2
  • Full Bathrooms: 2
  • Flooring: Carpet

Exterior Features

  • Waterfront: No
  • Roads: Paved, Private

Garage/Parking

  • Parking Features: Unassigned

Utilities

  • Sewer: Other
  • Utilities: Electricity Available, Other, Underground Utilities
  • Water Source: Private

Condo/Co-op/Association

  • Association Fee: 1428.57
  • Association Fee Frequency: Monthly
  • Pets Allowed: No
  • Project: NIHI KAI VILLAS

Lot Info

  • Zoning: R-10
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 4280190220027

Tax Info

  • Tax Annual Amount: 5508.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2022
Closed on
Apr 10, 2024
Sold by
Bought by
Seller's Agent
Jordan McMurdie
eXp Realty
Buyer's Agent
Anne Eliason
Coldwell Banker Island Properties - Kauai
List Price
$1,190,000
Sold Price
$1,122,000
Premium/Discount to List
-$68,000
-5.71%
Views
635
Current Estimated Value
$1,174,323

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,323
Avg. Annual Appreciation
3.09%
Original Mortgage
$841,500
Interest Rate
0.0688%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 23, 2021
Closed on
Apr 29, 2022
Sold by
Bought by
Seller's Agent
Yvonne Summerfield
RE/MAX Honolulu - Kauai
Buyer's Agent
Jordan McMurdie
eXp Realty
List Price
$940,000
Sold Price
$1,025,000
Premium/Discount to List
$85,000
9.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.75%

Purchase Details

Listed on
Nov 12, 2014
Closed on
Jan 6, 2015
Sold by
Bought by
Seller's Agent
Hannah Sirois
COMPASS
List Price
$575,000
Sold Price
$560,000
Premium/Discount to List
-$15,000
-2.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.65%

Purchase Details

Closed on
Aug 1, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
0.0719%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 10, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Interest Rate
0.0762%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Old Republic Title
$1,025,000 Title Guaranty & Escrow Servic
-- Title Guaranty & Escrow Servic
$560,000 Tg
$300,000 --
$190,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $841,500
Closed $70,000
Closed $138,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/04/2024 10/04/24 Off Market $1,122,000 -- --
04/18/2024 04/18/24 Off Market $1,122,000 -- --
04/17/2024 04/17/24 Sold $1,122,000 -5.7% $919 / Sq Ft
04/04/2024 04/04/24 Off Market $1,190,000 -- --
03/29/2024 03/29/24 For Sale $1,190,000 0.0% $975 / Sq Ft
06/12/2023 06/12/23 Price Changed $1,190,000 +900.0% $975 / Sq Ft
06/12/2023 06/12/23 Price Changed $119,000 -89.4% $97 / Sq Ft
04/25/2023 04/25/23 Price Changed $1,125,000 -6.3% $921 / Sq Ft
04/07/2023 04/07/23 Price Changed $1,200,000 +17.1% $983 / Sq Ft
08/05/2022 08/05/22 Off Market $1,025,000 -- --
05/31/2022 05/31/22 For Sale $1,150,000 +12.2% $942 / Sq Ft
05/06/2022 05/06/22 Sold $1,025,000 +9.0% $839 / Sq Ft View Prior Sale
04/04/2022 04/04/22 Pending -- -- --
12/23/2021 12/23/21 For Sale $940,000 +67.9% $770 / Sq Ft
01/21/2015 01/21/15 Sold $560,000 -2.6% $459 / Sq Ft View Prior Sale
11/24/2014 11/24/14 Pending -- -- --
11/12/2014 11/12/14 For Sale $575,000 -- $471 / Sq Ft
Source: Hawaii Information Service (MLS Hawaii)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $12,233 $1,202,200 -- $1,202,200
2025 $10,507 $1,079,400 -- $1,079,400
2024 $10,507 $929,800 -- $929,800
2023 $8,877 $901,200 $0 $901,200
2022 $5,806 $589,400 $0 $0
2021 $5,508 $559,200 $0 $0
2020 $5,235 $531,500 $0 $531,500
2019 $4,879 $495,300 $0 $495,300
2018 $5,018 $446,600 $0 $446,600
2017 $5,018 $567,000 $0 $567,000
2016 $4,968 $561,400 $0 $561,400
2015 $2,673 $604,000 $0 $0
2014 $3,387 $569,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jordan McMurdie

    Seller's Agent in 2024

    Jordan McMurdie

    eXp Realty

    (808) 822-3777

    21 Total Sales

    Jordan McMurdie
    Section Image

  • A

    Buyer's Agent in 2024

    Anne Eliason

    Coldwell Banker Island Properties - Kauai

    (808) 855-5808

    95 Total Sales

    Anne Eliason
    Section Image
  • Yvonne Summerfield

    Seller's Agent in 2022

    Yvonne Summerfield

    RE/MAX Honolulu - Kauai

    (808) 346-7251

    124 Total Sales

    Yvonne Summerfield
    Section Image
  • Hannah Sirois

    Seller's Agent in 2015

    Hannah Sirois

    COMPASS

    (808) 639-2367

    115 Total Sales

    Hannah Sirois
    Section Image
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Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 662440

Hawaii Information Service (MLS Hawaii)

APN: 4-2-8-019-022-0027

Hawaii Kauai County Koloa 96756

1870 Hoone Rd Unit 507, Koloa, HI

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Hawaii Information Service (MLS Hawaii) Copyright 2026 MLS Hawaii, Inc. All rights reserved.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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